IPE's United Kingdom Coverage – Page 52
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NewsTPR first-ever trustee D&I survey to provide a baseline to measure progress
‘The majority of trustees recognise the importance of greater board inclusivity and diversity, although fewer than half of schemes have taken action to improve,’ says regulator
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AnalysisGreenwashing crackdown: lessons learned and paths forward for asset managers
One question which has arisen from greater fund scrutiny is the risk of asset managers being reluctant to speak openly about the sustainability of their products, says Cerulli Associates
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NewsBrunel Pension Partnership to move away from ‘pure cost-savings focus’
The pool is making cost savings of £41m per year
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NewsUK debt crisis could see DB scheme funding levels fall by 7%
Deficits for well-funded schemes could increase by £4m per £100m of liabilities
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NewsClara-Pensions completes second transaction with Debenhams
This is the first transaction from PPF assessment for Clara-Pensions
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NewsTPR takes tougher action over value as it issues first fine
UK regulator expects trustees of pension funds with less than £100m in assets to undertake a more detailed assessment of value for members than larger schemes
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NewsScottish Widows and Rothesay complete £6bn in-force bulk annuity deal
The transaction is expected to lead to a Part VII transfer of underlying assets and policy liability next year
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NewsBrunel, USS to sit on UK wealth fund advisory body for Labour Party
£7.3bn of public capital has been proposed for the opposition party’s envisaged National Wealth Fund
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NewsUK regulators to remove barriers on productive finance investing
FCA, PRA and TPR will work together to manage potential risk and support the development of a more positive ecosystem for UK investment
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NewsOckham Pension Scheme completes £110m buy-in deal with Just Group
This is a third buy-in completed by a pension scheme sponsored within Liverpool Victoria
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News£100bn could be returned to UK plan sponsors over next 10 years, says Isio
In response to regulatory changes, Isio launched purposeful run-on framework to help schemes invest beyond full funding on a buyout basis
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NewsRoyal London kicks off entry into UK bulk annuity market
The move follows transaction with Royal Liver UK pension scheme and the Royal London Group pension scheme
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NewsDWP’s social factors taskforce launches guide for pension trustees
UK pensions minister Paul Maynard emphasised the importance of trustees understanding social and environmental issues in investment decisions
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NewsUK moves on binding rules for ESG ratings
The UK has moved forward with its plans to regulate ESG ratings
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NewsSpring Budget was lost opportunity to focus on auto-enrolment, say schemes
There are still no details over a timeline for the introduction of changes
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NewsLPFA reports 75% reduction in listed equity carbon emission intensity
The plan now is to widen its work to add corporate fixed income and more than half of its real estate holdings, responsible investment manager
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NewsUK ‘cools-off’ on pot for life model as it announces Spring Budget
Industry welcomed slow down from government in a push to introduce lifetime pensions provider model
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NewsBritish Business Bank to award £250m to Schroders, ICG under LIFTS initiative
The funding for Schroders and ICG will be matched by pensions capital from Phoenix Group
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NewsNew responsible investment policy gives LPFA ‘greater clarity, direction’
Over 3,000 members – out of more than 97,000 – responded to LPFA’s survey, indicating they identify more strongly with social issues than environmental ones
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NewsExtra disclosure under TPR’s funding code could push up scheme costs
There is a risk that an ‘overly prescriptive’ approach pushes trustees into ‘costly tick-boxing’ exercise, according to Cardano
